Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter B - Land Resource Management (2000) |
Part 2200 - Exchanges: General Procedures |
Subpart 2201 - Exchanges - Specific Requirements |
§ 2201.5 - Exchanges at approximately equal value.
-
§ 2201.5 Exchanges at approximately equal value.
(a) The authorized officer may exchange lands that are of approximately equal value when it is determined that:
(1) The exchange is in the public interest and the consummation of the proposed exchange will be expedited;
(2) The value of the lands to be conveyed out of Federal ownership is not more than $150,000 as based upon a statement of value prepared by a qualified appraiser and approved by the authorized officer;
(3) The Federal and non-Federal lands are substantially similar in location, acreage, use, and physical attributes; and
(4) There are no significant elements of value requiring complex analysis.
(b) The authorized officer shall determine that the Federal and non-Federal lands are approximately equal in value and shall document how the determination was made.